Refund Policies
The University's refund policy is published in each of the University bulletins: the undergraduate bulletin, the graduate bulletin, and the law bulletin.
The university’s general policy on refunds is described below. Federal statute requires an alternate calculation for recipients of federal Title IV financial assistance. More information on the alternate calculation for federal aid can be obtained from the Scholarships and Financial Aid office. Please note that this alternate calculation may affect the amount of money you owe or is owed to you by the university.
Tuition Refund Policy
Full-time students who withdraw from the university or part-time students who drop a course(s) may be entitled to a refund of all or a percentage of their tuition. Refunds are available through direct deposit or through a check. Students who withdraw must return a completed withdrawal form to the Office of Student Records. Mere cessation of attendance does not constitute withdrawal. The date of receipt of the withdrawal notice by the Office of Student Records will determine the amount of tuition refund. Refunds are a percentage of the tuition payable in the semester in which the student withdraws, not a percentage of the total amount billed. Only tuition is refundable. Fees are not refundable. No refunds are made when a student is suspended or dismissed for academic, disciplinary, or financial reasons, or when a full time student reduces their course load to part time after the deadline for 100% refund.
Fall/Spring Semester
Tuition refunds are made for the semester-long fall and spring semesters on the following basis:
- If formal notice is received within 10 business days* after the start of the semester, a refund of 100 percent of tuition is made.
- If formal notice is received within 25 business days* after the start of the semester, a refund of 50 percent of tuition is made.
- No refunds are allowed after the fifth week of classes.
Shorter Fall/Spring Sessions (less than full semester in length) and Summer Semester
Summer sessions and shorter fall/spring sessions refunds are made on the follow basis:
Sessions under full semester length and at least 10 weeks in length:
- If formal notice is received within 5 business days* after the start of the session, a refund of 100 percent of tuition is made.
- If formal notice is received within 15 business days* after the start of the session, a refund of 50 percent of tuition is made.
- No refunds are allowed after the fifteenth business day of the session.
Sessions 7, 8 and 9 weeks in length:
- If formal notice is received within 5 business days* after the start of the session, a refund of 100 percent of tuition is made.
- If formal notice is received within 10 business days* after the start of the session, a refund of 50 percent of tuition is made.
- No refunds are allowed after the tenth business day of the session.
Sessions 5 and 6 weeks in length:
- If formal notice is received within 2 business days* after the start of the session, a refund of 100 percent of tuition is made.
- If formal notice is received within 5 business days* after the start of the session, a refund of 50 percent of tuition is made.
- No refunds are allowed after the fifth business day of the session.
Sessions less than 5 weeks in length:
- If formal notice is received on the first day of the session*, a refund of 100 percent of tuition is made.
- If formal notice is received on the second business day of the session*, a refund of 50 percent of tuition is made.
- No refunds are allowed after the second business day of the session.
* PLEASE NOTE: In determining refunds, days are counted using the first day of the session, not when a particular class meets. Business days are counted including holidays but exclude Saturdays and Sundays. For example, an 8 week session beginning on a Monday will have until midnight on the first Friday for a 100% refund and until midnight on the second Friday for a 50% refund.
Room and Meal Plan Refunds
Students who withdraw from the university may be entitled to a refund of all or a percentage of their room and board charges. Students wishing to cancel housing and remain a student of the university and who are eligible to move off campus may be entitled to a refund of a portion of their room and board charges. Students wishing to cancel their housing must do so in writing to the Office of Residential Life.
The amount of refund will be determined by the date of receipt of the withdrawal notice by the Office of Student Records, or the date of official check out from the student's assigned residence hall, whichever is later. No refunds of room or board will be made when a student is evicted, suspended, or dismissed for academic, disciplinary, or financial reasons. Residence council fees are non-refundable.
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If formal withdrawal notice and residence hall check out are received within two weeks after the beginning of the semester, a refund of 60 percent of room and board, less actual Meals, Iggy Deaux, and Wolf Bucks used, is made.
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If formal withdrawal notice and residence hall check out are received within five weeks after the beginning of the semester, a refund of 50 percent of room and board, less actual Meals, Iggy Deaux and Wolf Bucks used, is made.
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No refunds are allowed after the fifth week of classes.
Room & Board Refund - Summer
During summer sessions, room and board charges will be prorated to actual usage, rounded up to the next full week when a student officially withdraws. However, no refunds on room or board will be given after 50% of the session has expired. Unused Wolf Bucks purchased for the summer sessions are not refundable other than by official withdrawal from the university, but are carried forward to the next academic year for students who continue their enrollment at Loyola.
We believe it’s important to offer an easy, affordable way to protect the investment your family has made in higher education. That’s why Loyola University New Orleans has negotiated with GradGuard to provide our families with tuition insurance by Allianz Global Assistance featuring special plans and rates not available to the general public.
This coverage expands the scope of our refund policy by ensuring reimbursement for tuition, room and board, and other fees for covered withdrawals at any time during the semester. Plans also include Student Life Assistance: a 24-hour emergency hotline that offers students and parents even greater peace of mind.
At Loyola University New Orleans, we want the best for our students, and Allianz Global Assistance is a world leader in specialty insurance and assistance—helping over 35 million people protect their tuition payments, travel plans, and more each year.